Trade deficit widens to $49.9B in June

The U.S. trade deficit surged in June to the highest level since October 2008 and imports of foreign consumer goods hit an all-time high. But U.S. exports faltered, representing a setback for American manufacturers.
The deficit jumped 18.8 percent in June compared to May, widening to $49.9 billion, the Commerce Department reported Wednesday. The wider deficit ...